INSUBCONTINENT EXCLUSIVE:
LPG price: A 14.2-kg cylinder of subsidised cooking gas costs Rs 500.90, according to Indian OilLPG or cooking gas prices have been lowered
this month, reversing a rising trend in the past six months
The country's largest fuel retailer Indian Oil - the supplier of LPG under brand Indane - had increased the price of subsidised LPG by
price revision in its statement on November 30, Indian Oil had said the effective price after subsidy to consumer would reduce by Rs 6.52
507.42 in November 2018 to Rs.500.90 in December 2018)
12 LPG cylinders of 14.2 kilograms each per household in a year
It provides the subsidy amount directly in the consumer's bank account
The consumer has to bear the market price for additional LPG cylinders in a year.This subsidy amount varies from month to month depending on
the changes in the average international benchmark LPG and foreign exchange rates.(With agency inputs)
